SOLUTION: In a game, the probability of winning money is p = 0.16, the probability of losing money is p = 0.54, and the probability of breaking even is p = 0.30. What is the probability of w

Algebra ->  Probability-and-statistics -> SOLUTION: In a game, the probability of winning money is p = 0.16, the probability of losing money is p = 0.54, and the probability of breaking even is p = 0.30. What is the probability of w      Log On


   

Question 1046819: In a game, the probability of winning money is p = 0.16, the probability of losing money is p = 0.54, and the probability of breaking even is p = 0.30. What is the probability of winning or losing money in this game?
Found 2 solutions by Fombitz, ewatrrr:
Answer by Fombitz(32388) About Me  (Show Source):
Answer by ewatrrr(24785) About Me  (Show Source):
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the probability of breaking even is p = 0.30
P(winning or losing money) = 1 - .30 = .70